104252 Federal Register / Vol. 89, No. 245 / Friday, December 20, 2024 / Notices 

18 17 CFR 200.30–3(a)(12). 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–BX–2024–057 and should be 

submitted on or before January 10, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.18

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30354 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[OMB Control No. 3235–0785] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

18a–10 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 18a–10 (17 CFR 240.18a–10), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.). 

Exchange Act Rule 18a–10 provides 

an alternative compliance mechanism 

pursuant to which stand-alone securitybased swap dealers (‘‘SBSDs’’) 

registered as a swap dealer that 

predominantly engages in a swaps 

business, and that meet certain 

conditions set forth in the rule, may 

elect to comply with the capital, margin, 

segregation, recordkeeping, and 

reporting requirements of the 

Commodity Exchange Act (‘‘CEA’’) and 

the U.S. Commodity Futures Trading 

Commission’s (‘‘CFTC’’) rules in lieu of 

complying with SEC Rules 18a–1, and 

18a–3 through 18a–9. Rule 18a–10 

requires the firm to provide a written 

disclosure to its counterparties after it 

begins operating pursuant to the rule. 

Furthermore, Rule 18a–10 requires the 

firm to immediately notify the 

Commission and the CFTC in writing if 

it fails to meet a condition in the rule. 

There are currently two stand-alone 

SBSDs operating pursuant to the 

alternative compliance mechanism. The 

Commission estimates that these two 

stand-alone SBSDs will each spend 5 

hours per year updating the disclosure 

language required under paragraph 

(b)(2) of Rule 18a–10, and that one of 

these stand-alone SBSDs will file the 

notice with the Commission required 

under paragraph (b)(3) of Rule 18a–10, 

which will impose a burden of 5 

minutes per year. Consequnenty, the 

Commission estimates that the total 

hour burden under Rule 18a–9 is 

approximately 11 hours per year. Since 

the last approval of this information 

collection, the estimated total burden 

hours per year has decreased due to a 

decrease in the estimated number of 

respondents subject to the requirements 

of the Rule and as a result of certain 

initial burdens no longer applying. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Public Comment Instructions: The 30- 

day public comment period for this 

information collection request closes at 

the end of the day on January 21, 2025. 

The public may view the full 

information request and submit 

comments at https://www.reginfo.gov/ 

public/do/PRAViewICR?ref_

nbr=202409-3235-002 or email 

comments to MBX.OMB.OIRA.SEC_

desk_officer@omb.eop.gov. 

Dated: December 16, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30366 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–441, OMB Control No. 

3235–0497] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

15c3–4 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 15c3–4 (17 CFR 240.15c3–4) (the 

‘‘Rule’’) under the Securities Exchange 

Act of 1934 (15 U.S.C. 78a et seq.). 

Rule 15c3–4 requires certain brokerdealers that are registered with the 

Commission as OTC derivatives dealers, 

or who compute their net capital 

charges under Appendix E to Rule 

15c3–1 (17 CFR 240.15c3–1) (‘‘ANC 

firms’’), to establish, document, and 

maintain a system of internal risk 

management controls. In addition, 

security-based swap dealers (‘‘SBSDs’’) 

must comply with Rule 15c3–4 as if 

they were OTC derivatives dealers. The 

Rule sets forth the basic elements for an 

OTC derivatives dealer, an ANC firm, or 

an SBSD to consider and include when 

establishing, documenting, and 

reviewing its internal risk management 

control system, which is designed to, 

among other things, ensure the integrity 

of an OTC derivatives dealer’s, an ANC 

firm’s or an SBSD’s risk measurement, 

monitoring, and management process, to 

clarify accountability at the appropriate 

organizational level, and to define the 

permitted scope of the firm’s activities 

and level of risk. The Rule also requires 

that management of an OTC derivatives 

dealer, an ANC firm, or an SBSD must 

periodically review, in accordance with 

written procedures, the firm’s business 

activities for consistency with its risk 

management guidelines. 

The staff estimates that the average 

amount of time a new firm subject to 

Rule 15c3–4 will spend establishing and 

documenting its risk management 

control system is approximately 2,000 

hours (666.666667 hours per year when 

annualized over three years) and that, 

on average, an existing firm subject to 

Rule 15c3–4 will spend approximately 

200 hours each year to maintain (e.g., 

reviewing and updating) its risk 

management control system. Currently, 

seventeen firms are required to comply 

with Rule 15c3–4. The staff estimates 

that approximately six new additional 

firms may become subject to the 

requirements of Rule 15c3–4 within the 

next three years. Thus, the estimated 

annual burden would be 3,400 hours for 

the seventeen existing firms currently 

required to comply with Rule 15c3–4 to 

maintain their risk management control 


ddrumheller on DSK120RN23PROD with NOTICES1